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Financial Institutions: Charity

Volume 472: debated on Friday 7 March 2008

To ask the Chancellor of the Exchequer (1) what plans he has encourage charitable trusts of financial institutions to contribute to good causes; (190063)

(2) which financial institutions have charitable trusts; what assets each such trust holds; and how much each contributed to good causes in each of the last five years for which figures are available.

It is the responsibility of the Charity Commission, as the independent regulator of charities in England and Wales, to ensure that grant-giving charitable foundations, including those set up by financial institutions, operate according to their founding charitable purposes.

The FSA is responsible for the regulation of financial institutions in the UK. The Government do not hold data on individual institutions' charitable giving.